Money

By Matt Egan, CNN Business January’s shockingly strong jobs report suggests the US economy is healthy enough to withstand the Federal Reserve’s plans to raise interest rates in the coming months, former Obama economist Austan Goolsbee told CNN on Friday. “We had an honest-to-God blockbuster positive surprise of a job report. Hopefully, it’s a sign

By Chris Isidore, CNN Business Employers added a record 6.6 million jobs during Joe Biden’s first 12 months in office, by far the strongest record of any president’s first year in office. The unexpected strength of the January jobs report — along with some revisions in readings for November and December — pushed Biden over

By Allison Morrow, CNN Business The Labor Department’s monthly jobs report can be hard to interpret, especially as Covid has blown up analysts’ models that measure the economy. But the January report, released Friday, is one to pay attention to. The headline result — 467,000 jobs added last month — came in far better than

By Anna Bahney, CNN Business Manhattan real estate is back and it is booming. In 2021, prices were near record highs and sales were higher than they’d been in more than three decades. The Big Apple was hit hard at the beginning of the pandemic. Prices dropped and sales activity slowed. But Manhattan came back

By Jeanne Sahadi, CNN Business Entrepreneurs. Freelancers. Gig workers. Consultants. Salespeople. If you freelance, earn commissions, run a small business, or rely on paying clients for a living, your income is likely unpredictable from year to year. But how you manage and allocate the money you make shouldn’t be. Here are some smart ways to

By Chris Isidore, CNN Business President Joe Biden loves electric vehicles. He wants half of all new US cars sold by 2030 to be EVs. He proposed a series of incentives to help make that happen — including tax credits for buyers and government support for charging stations. But he’s showed little love for Tesla,

By Matt McFarland, CNN Business Tesla has issued a second recall in a week’s time, in this case due to a chime that would not always sound if a driver’s seat belt was unbuckled. The faulty seat belt chime impacted 817,143 vehicles, including Model S, X, 3 and Y vehicle from the 2021 and 2022

By Anneken Tappe, CNN Business America’s jobs recovery got an unexpected boost in January despite the Omicron variant spreading rapidly throughout the country. The economy added 467,000 jobs last month, the Bureau of Labor Statistics said Friday, significantly better than most economists had expected. Restaurants and bars added more than 100,000 jobs. Positions in retail,

By Tami Luhby, CNN Business Lots of workers are getting raises, but for many, the pay hikes won’t buy them more at the grocery store or car dealership. In fact, wages are behind where they were when the pandemic began, if you take rising prices into account. Inflation-adjusted wages, which have been falling steadily since

By Sonia Moghe, CNN After a delay of more than a week due to the plaintiff’s having tested positive for Covid, attorneys finally gave opening statements in former Alaska Governor Sarah Palin’s defamation lawsuit against The New York Times on Thursday. The lawsuit centers around an editorial that the Times published in June 2017, shortly